Business & Tech
TechCrunch: Social Gaming Giant Zynga Files for $1 Billion IPO
The company has offices in Timonium.
Zynga, an online video game company best known for its breakout sim Farmville, has plans to go public at $1 billion, according to TechCrunch writer Leena Rao.
"According to the filing, Zynga has 60 million daily active users in 138 countries. 38,000 virtual items are created every second and game players spend 2 billion minutes a day on Zynga games," the article states. "The company had $597 million in revenue in 2010, and posted revenue of $235 million in the first quarter of 2011."
To read the entire article, click here.
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